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14-120-329. Sale of bonds — Interest coupons.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-120-329. Sale of bonds — Interest coupons.
(a) Bonds or notes may be sold and negotiated in any market, either at public or private sale, and may be made callable.
(b) The terms of sale, the rate of interest, and other conditions of the bonds or notes shall be as the board of directors of the district shall direct.
(c) A place of payment and the amount of the several installments to be paid each year may be fixed by the board.
(d) The bonds or notes so issued shall be signed by the president of the board and countersigned by the secretary.
(e) If the bonds are issued, the interest thereon shall be represented by semiannual coupons authenticated by the lithographed signature of the president of the board.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-120-329
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:14-120-329
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: a25547fed02e3a85964fdc5381147e04093dd0540c7da5500b1b4a33be8f83b5
Source location: content.xml paragraph 30108
Stored source content
14-120-329. Sale of bonds — Interest coupons.
(a) Bonds or notes may be sold and negotiated in any market, either at public or private sale, and may be made callable.
(b) The terms of sale, the rate of interest, and other conditions of the bonds or notes shall be as the board of directors of the district shall direct.
(c) A place of payment and the amount of the several installments to be paid each year may be fixed by the board.
(d) The bonds or notes so issued shall be signed by the president of the board and countersigned by the secretary.
(e) If the bonds are issued, the interest thereon shall be represented by semiannual coupons authenticated by the lithographed signature of the president of the board.
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